Biparty bill, targeting Amazon and Facebook, to be introduced next week
A group of lawmakers, comprising both sides of the U.S. political aisle, will launch bipartisan legislation to prevent big tech platforms like Alphabet’s Amazon and Google from furthering their own businesses. Lawmakers are led by Senators Amy Klobuchar, Democrat, and Chuck Grassley, Republican,
The Klobuchar-Grassley number aims to overpower tech companies, including industry leaders Facebook and Apple. Past attempts in this direction have failed although one, a larger measure to increase the resources of antitrust authorities, has been passed by the Senate.
Amazon, according to a Reuters investigation this week, is accused of using data from third-party sellers to determine the products it would create.
Reuters said it reviewed “thousands of internal Amazon documents, according to which the US company’s operations in India have carried out a systematic campaign of counterfeiting and manipulating search results to boost its own private brands in the country. , one of the most promising markets for the company “.
There are real dangers on platforms like Instagram and Facebook for children and teens. Today, I met with families in Minnesota to hear them talk about their concerns about the content being shown to their children and how these platforms are using their data, Klobuchar tweeted Thursday.
“When dominant technology companies exclude their rivals and kill the competition, it hurts small businesses and can increase costs for YOU. My new bipartisan legislation with @ChuckGrassley will set new rules of conduct to prevent big companies from eliminating their smaller competitors, ”added the breast cancer survivor who conceded her presidential running mate to Kamala Harris, added on its timeline with 1.7 million followings.
“Big tech dominates / controls what Americans can buy / see / say – they can pick winners and losers. As gatekeepers of other businesses to reach consumers, they shouldn’t privilege or discriminate and others R to solve this problem, ”added Senator Chuck Grassley.
Big Tech is worried about the text of Thursday’s full statement.
“The US Online Innovation and Choice Act sets common sense rules for major digital platforms to ensure that they cannot unfairly prioritize their own products and services. US Senator Amy Klobuchar (D-MN), chair of the Senate Judiciary Subcommittee on Competition Policy, Antitrust and Consumer Rights, and Senator Chuck Grassley (R-IA), member of the Senate Judiciary Committee, today announced that they will introduce bipartisan legislation to restore online competition by setting common sense rules for dominant digital platforms to prevent them from abusing their market power to harm competition, online businesses and consumers.
“America’s prosperity has been built on open markets and fair competition, but right now our country faces a monopoly problem, and American consumers, workers and businesses are paying the price. “said Klobuchar.
“While Big Tech has grown and evolved over the years, our laws have not changed to keep up with and ensure that these companies compete fairly. These companies have continued to become a more important part of our daily lives and the global economy, controlling what we see and how we engage on the Internet, ”Grassley said.
“Big tech should be held accountable if they behave in a discriminatory manner. Our bill will help create a level playing field and ensure that small businesses are able to compete with these platforms. “
“Choice is fundamental for competition. American consumers have been systematically denied access to essential information about their shopping choices. This new bill will combat the tough tactics used by Big Tech to disadvantage their consumers and exclude competitors from the market, ”said Durbin.
“The American Innovation and Choice Online Act is bipartite, bicameral legislation that will create clear rules for fair competition online by prohibiting monopoly behavior that goes all the way in favor of platform monopolies and against businesses, workers and corporations. American consumers. I congratulate President Klobuchar, President Durbin and non-commissioned member Grassley for leading this critical effort in the Senate. Congress must act quickly to enact this important legislation, ”Cicillin said.
The bill, which Klobuchar’s office said would be introduced early next week, would accompany a measure that was passed by the House Judiciary Committee. It must pass both houses of Congress to become law.
The Klobuchar and Grassley bill would specifically prohibit platforms from requiring companies operating on their sites to purchase goods or services from the platform and would prohibit them from skewing search results to favor the platform.
(With IANS inputs)